Orezone Historical Financial Ratios
| ORE Stock | 0.65 0.01 1.52% |
Orezone Gold is promptly reporting on over 93 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Days Sales Outstanding of 1.36 will help investors to properly organize and evaluate Orezone Gold Corp financial condition quickly.
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About Orezone Financial Ratios Analysis
Orezone Gold CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Orezone Gold investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Orezone financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Orezone Gold history.
Orezone Gold Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Orezone Gold Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Orezone Gold sales, a figure that is much harder to manipulate than other Orezone Gold Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Most ratios from Orezone Gold's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Orezone Gold Corp current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orezone Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Orezone Gold's Inventory Turnover is very stable compared to the past year. As of the 12th of December 2024, Net Income Per Share is likely to grow to 0.13, while Price To Sales Ratio is likely to drop 0.81.
| 2023 | 2024 (projected) | Days Sales Outstanding | 1.43 | 1.36 | PTB Ratio | 1.55 | 1.47 |
Orezone Gold fundamentals Correlations
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Orezone Gold Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Orezone Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Orezone Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Orezone Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Orezone Stock
| 0.79 | WCN | Waste Connections | PairCorr |
| 0.73 | FFH | Fairfax Financial | PairCorr |
| 0.63 | FSV | FirstService Corp | PairCorr |
| 0.62 | CSU | Constellation Software | PairCorr |
| 0.52 | BYD | Boyd Group Services | PairCorr |
The ability to find closely correlated positions to Orezone Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orezone Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Orezone Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Orezone Gold Corp to buy it.
The correlation of Orezone Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orezone Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orezone Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Orezone Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Orezone Stock
Orezone Gold CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Orezone Gold investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Orezone financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Orezone Gold history.